This property looks like a bad Long-Term investment with a projected -17.57% first-year return on $143k initial cash invested.
-17.57%
Cash On Cash
3.15%
Cap Rate
0.48
DSCR
$3,405
Rent
-$2,090
Cashflow
Cash Flow
$3,405 income − $5,495 expenses = $2,090 out of pocket
Investment Breakdown
|
Purchase Price
$680k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$143k
Downpayment
20%
$136k
Closing costs
1%
$6,796
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,405
Total Expenses
$5,495
Mortgage P&I
109%
$3,702
Property Taxes
20%
$664
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0